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Mitsubishi Motors (Mitsubishi Motors) Cyclically Adjusted PB Ratio : 0.70 (As of Jun. 07, 2024)


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What is Mitsubishi Motors Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Mitsubishi Motors's current share price is $2.88. Mitsubishi Motors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $4.09. Mitsubishi Motors's Cyclically Adjusted PB Ratio for today is 0.70.

The historical rank and industry rank for Mitsubishi Motors's Cyclically Adjusted PB Ratio or its related term are showing as below:

MMTOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.9   Max: 1.79
Current: 0.79

During the past years, Mitsubishi Motors's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.35. And the median was 0.90.

MMTOF's Cyclically Adjusted PB Ratio is ranked better than
70.31% of 997 companies
in the Vehicles & Parts industry
Industry Median: 1.35 vs MMTOF: 0.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Mitsubishi Motors's adjusted book value per share data for the three months ended in Dec. 2023 was $4.280. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $4.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Motors Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mitsubishi Motors's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mitsubishi Motors Cyclically Adjusted PB Ratio Chart

Mitsubishi Motors Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.58 0.62 0.95 -

Mitsubishi Motors Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 0.90 1.17 0.81 -

Competitive Comparison of Mitsubishi Motors's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Mitsubishi Motors's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitsubishi Motors's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mitsubishi Motors's Cyclically Adjusted PB Ratio falls into.



Mitsubishi Motors Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Mitsubishi Motors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.88/4.09
=0.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mitsubishi Motors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mitsubishi Motors's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.28/106.8000*106.8000
=4.280

Current CPI (Dec. 2023) = 106.8000.

Mitsubishi Motors Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.371 95.700 5.994
201406 5.435 98.000 5.923
201409 5.628 98.500 6.102
201412 5.524 97.900 6.026
201503 5.563 97.900 6.069
201506 5.515 98.400 5.986
201509 5.716 98.500 6.198
201512 5.795 98.100 6.309
201603 6.043 97.900 6.592
201606 4.911 98.100 5.347
201609 4.105 98.000 4.474
201612 3.915 98.400 4.249
201703 4.104 98.100 4.468
201706 4.260 98.500 4.619
201709 4.451 98.800 4.811
201712 4.468 99.400 4.801
201803 4.943 99.200 5.322
201806 4.779 99.200 5.145
201809 4.883 99.900 5.220
201812 4.836 99.700 5.180
201903 5.272 99.700 5.647
201906 5.325 99.800 5.698
201909 5.287 100.100 5.641
201912 5.094 100.500 5.413
202003 4.824 100.300 5.137
202006 3.775 99.900 4.036
202009 3.596 99.900 3.844
202012 3.478 99.300 3.741
202103 3.143 99.900 3.360
202106 3.103 99.500 3.331
202109 3.159 100.100 3.370
202112 3.266 100.100 3.485
202203 3.440 101.100 3.634
202206 3.399 101.800 3.566
202209 3.428 103.100 3.551
202212 3.807 104.100 3.906
202303 4.027 104.400 4.120
202306 4.124 105.200 4.187
202309 4.073 106.200 4.096
202312 4.280 106.800 4.280

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Mitsubishi Motors  (OTCPK:MMTOF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Mitsubishi Motors Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Mitsubishi Motors's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mitsubishi Motors (Mitsubishi Motors) Business Description

Traded in Other Exchanges
Address
5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410
Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.